This topic contains a solution. Click here to go to the answer

Author Question: The opportunity cost of an economic decision is: a. the best alternative that was sacrificed. b. ... (Read 188 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
The opportunity cost of an economic decision is:
 a. the best alternative that was sacrificed.
  b. the amount of money needed to implement the decision.
  c. any land, labor, and capital that are wasted.
  d. all options that were lost due to scarcity.

Question 2

Which of the following does not illustrate opportunity cost?
 a. If I study, I must give up going to the football game.
  b. If I buy a computer, I must do without a 35 television.
  c. If I spend more on clothes, I must spend less on food.
  d. All of these illustrate opportunity cost.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

a

Answer to Question 2

d




SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library